Did you know you can get a 26% tax credit for installing solar panels by the end of 2022? Solar panels installed in 2023 will be eligible for a 22% tax credit – after that, the tax credit will expire unless Congress renews it. That makes this year the best time to invest in solar panels. Let’s look at the pros and cons of solar panels and learn about the solar PV kits sold by The LeverEdge.
Benefits of Solar Panels
Solar photovoltaic (PV) systems convert the sun’s energy into power for your home. They offer a wide variety of benefits, including:
- Tax incentives. As we already mentioned, solar PV systems installed by the end of 2022 will be eligible for a 26% federal tax credit. You may also be able to find additional local, state, and utility incentives.
- Lower electric bills. Any electricity you can produce yourself with solar panels is money you don’t have to pay your utility company. Some electric companies may even pay you for excess energy if your solar panels produce more electricity than your household uses.
- Better for the environment. Solar is one of the most environmentally-friendly forms of energy – solar panels could decrease your family’s carbon output by over 3,000 pounds a year.
Potential Downsides of Solar Panels
Solar panels are a great investment for many homes, but they aren’t right for everybody. Consider these things while you decide whether solar panels are good for your house:
- Your roof must get enough sun. If your roof faces the wrong direction, you live in an area that is often rainy or cloudy, or if you have a bunch of shade trees overhanging your roof, you may not get enough electricity for the PV panels to be worth the investment.
- You need plenty of roof space. The more solar panels will fit on your roof, the better your investment will be.
- High cost to get started. Even with tax credits and other incentives, it may take 6-8 years for your solar panels to pay for themselves, and they can be an expensive up-front cost.
Solar PV Kits from The LeverEdge
The LeverEdge has a variety of solar PV kits that can be tailored to meet your needs. Each kit includes:
- High-performance PV modules
- SMA, Enphase, or Solar Edge inverters
- Quickmount PV, Iron Ridge, or Uni-rac racking systems
- SolaDeck junction box with integrated flashing
- Cable ties and wire management
- Engineer drawings, including FSEC system certification (available as required by your local AHJ or building department)
Learn More Today
The LeverEdge has solar PV kits made from a selection of high-quality components from the industry’s leading manufacturers of inverters, modules, and mounting solutions to form a custom pre-engineered system.
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